US tariffs on Brazilian steel — negative, muted or positive for dry bulk market?
While sending negative signals on trade, will US tariffs on steel from Brazil and Argentina have a muted effect on dry bulk shipping because the volumes affected are small in the grand scheme of things, or will it prove to be positive? The answer lies in whether Brazil can find alternative buyers
Brazil exported about 4m tonnes of steel products to the US this year, its biggest market, according to shipping association BIMCO
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